Romanian Competition Council completes cartel report

Romanian Competition Council completes cartel report
Published: 18 February 2005

Romanian competition watchdog said it completed its report on cartel agreement allegations against cement companies Lafarge, Holcim and HeidelbergCement, government sources said on February 17, 2005.  The watchdog launched the investigation, following a report submitted to the government in August 2003 by the Ministries of Economy, Finances and Transport on suspicions that the three leading companies on the cement market in Romania raised their cement price simultaneously and substantially starting December 31, 2000.  The competition authority sent the report to Lafarge, Holcim and HeidelbergCement, which should make statements on the report by March 18, 2005. Only than the authority will pass a decision on the issue.